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Germany's labour market in Coronavirus distress : new challenges to safeguarding employment

Herzog-Stein, Alexander; Nüß, Patrick; Peede, Lennert; … - 2021

We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas during the Great Recession all working-time instruments...

Persistent link: https://www.econbiz.de/10012512274

How immigrants helped EU labor markets to adjust during the Great Recession

Kahanec, Martin; Guzi, Martin - 2017

The economic literature starting with Borjas (2001) suggests that immigrants are more flexible than natives in responding to changing sectoral, occupational, and spatial shortages in the labor market. In this paper, we study the relative responsiveness to labor shortages by immigrants from...

Persistent link: https://www.econbiz.de/10012110855

Prediction intervals for inflation and unemployment rate in Romania : a Bayesian approach

Bratu, Mihaela - 2017

The main aim of this paper is to provide forecast intervals for inflation and unemployment rate in Romania, bringing …

Persistent link: https://www.econbiz.de/10012114562

The societal costs of inflation and unemployment

Popova, Olga; See, Sarah Grace; Nikolova, Milena; … - 2023

What are the broad societal implications of inflation and unemployment? Analyzing a dataset of over 1.9 million …, we find that both inflation and unemployment have a negative link with confidence in financial institutions. While … inflation is generally unassociated with confidence in government and leadership approval, unemployment still has a strong …

Persistent link: https://www.econbiz.de/10014432023

Unemployment of unskilled labor due to COVID-19 led restriction on migration and trade

Mandal, Biswajit; Chaudhuri, Saswati; Prasad, Alaka Shree - 2020

To combat COVID-19 the entire world has resorted to global lockdown implying restriction on international labor migration and trade. This paper aims to check the effect of such restrictions on the unemployment of unskilled labor in the source country. In competitive general equilibrium framework...

Persistent link: https://www.econbiz.de/10012249709

A new claims-based unemployment dataset : application to postwar recoveries across U.S. states

Fieldhouse, Andrew; Howard, Sean; Koch, Christoffer; … - 2022

Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U.S. states going back to January 1947. The constructed series are highly correlated with the Bureau of Labor Statics' state-level unemployment data, which are only available from...

Persistent link: https://www.econbiz.de/10013164115

The economics of walking about and predicting unemployment

Blanchflower, David G.; Bryson, Alex - 2021

Unemployment is notoriously difficult to predict. In previous studies, once country fixed effects are added to panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries - Austria; Belgium; Bulgaria; Croatia; Cyprus; Czechia; Denmark; Estonia;...

Persistent link: https://www.econbiz.de/10012610842

Does the employment effect of national minimum wage vary by non-employment rate? : a regression discontinuity approach

Xu, Lei; Zhu, Yu - 2022

We examine the impact of increasing minimum wage on employment by exploiting variation in the age-dependent National Minimum Wage (NMW) in the UK. We extend the Regression Discontinuity model to evaluate the procyclicality of employment effect and show that previous estimates may be biased due...

Persistent link: https://www.econbiz.de/10013257503

On recessive and expansionary impact of financial development : empirical evidence

Nguena, Christian Lambert; Kodila-Tedika, Oasis - 2020

This paper mainly examines the effect of financial development on the recession, while controlling for potential recession factors. Using panel data of 129 countries spanning 1990-2010, we implemented "Locally Weighted Scatterplot Smoothing", "Local Linear" and "Iteratively Reweighted Least...

Persistent link: https://www.econbiz.de/10012221855

Turning Vietnam's COVID-19 success into economic recovery : a job-focused analysis of individual assessments on their finance and the economy

Dang, Hai-Anh H.; Long Thanh Giang - 2020

The COVID-19 pandemic has resulted in income and employment loss in many countries around the world. Yet, hardly any formal study exists on household finance and future economic expectations in poorer countries. To fill in this gap, we implemented and analyzed a web-based rapid assessment survey...

Persistent link: https://www.econbiz.de/10012222169